EURUSD Outlook
The EURUSD attempted to push higher yesterday. After broke the 1.3200 resistance (23.6 Fibo from 1.6038 to 1.2333), the pair topped at 1.3289, but further bullish correction was rejected as the pair quickly fell, hit the bottom at 1.2804 and closed at 1.2875. Although I think we might see another bullish attempt, this upside rejection should keep the bearish scenario intact. My model is mixed with downside bias. Immediate resistance is seen at 1.3006. Initial support at 1.2735 followed by 1.2590.

EURUSD Daily Supports and Resistances:

S1= 1.2686

S2= 1.2498

S3= 1.2192

R1= 1.3180

R2= 1.3486

R3= 1.3674

GBPUSD Outlook
The GBPUSD failed to maintain bullish momentum yesterday. The pair attempted to push higher, topped at 1.6670 but closed lower at 1.6371. This upside failure should keep the major bearish scenario intact, but in this volatile market we might see another bullish attempt as CCI also in oversold area on weekly and monthly chart. My model is mixed with downside bias. Immediate resistance is seen at 1.6408. Initial support at 1.6215 followed by 1.6035.

GBPUSD Daily Supports and Resistances:

S1= 1.6164

S2= 1.5957

S3= 1.5704

R1= 1.6624

R2= 1.6624

R3= 1.7084

USDJPY Outlook
The USDJPY continued it’s bullish correction yesterday. The pair topped at 99.14 and closed at 98.63. However the pair was traded lower early today in Asian session around 98.30 at the time I wrote this comment. My model is mixed with neutral bias in nearest term, but with upside bias in longer term. Immediate support is seen at 97.60 followed by 96.80. CCI in neutral area on daily chart.

USDJPY Daily Supports and Resistances:

S1= 97.58

S2= 96.54

S3= 95.76

R1= 99.40

R2= 100.18

R3= 101.22

USDCHF Outlook
The USDCHF failed to maintain the bearish momentum yesterday. The pair topped at 1.1478 and closed at 1.1425. This fact should keep the major bullish scenario intact. Only a consistent move below 1.1250 could trigger further bearish corrections. Immediate support is seen at 1.1375 followed by 1.1325. Initial resistance at 1.1478 (yesterday’s high) followed by 1.1550. CCI in neutral area on daily chart.

EURUSD Outlook
The EURUSD continued it’s bullish momentum yesterday. The pair topped at 1.2991 and closed at 1.2951. Early today in Asian session the pair was traded higher around 1.3060 at the time I wrote this comment. This fact should open the door for a further upside correction scenario towards 1.3200 (23.6% Fibonacci retracement from 1.6038 to 1.2333). My model is mixed with upside bias. Immediate support is seen at 1.2920 followed by 1.2810. CCI just cross -100 line up on daily chart suggesting a potential bullish view.

EURUSD Daily Supports and Resistances:

S1= 1.2720

S2= 1.2489

S3= 1.2354

R1= 1.3086

R2= 1.3221

R3= 1.3452

GBPUSD Outlook
The Sterling also continued it’s recovery against Greenback yesterday. The pair topped at 1.6474 and closed at 1.6360. This fact should trigger further upside correction scenario towards 1.7113 (38.2% Fibonacci retracement from 2.0158 to 1.5262). My model is mixed with upside bias. Immediate resistance is seen at 1.6560 followed by 1.6775. CCI just cross -100 line up on daily chart suggesting a potential bullish view.

GBPUSD Daily Supports and Resistances:

S1= 1.5601

S2= 1.5182

S3= 1.4964

R1= 1.6238

R2= 1.6456

R3= 1.6875

USDJPY Outlook
The USDJPY bullish momentum seemed to lose power yesterday. The pair bottomed at 96.07 but closed higher at 97.39. However, early today in Asian session there are some upside pressures as the pair was traded higher around 98.75 at the time I wrote this comment. My model is mixed with upside bias. Immediate support is seen at 97.10. Initial resistance at 99.68. CCI just cross 100 line up on 4h chart suggesting a potential upside pressures.

USDJPY Daily Supports and Resistances:

S1= 96.15

S2= 94.91

S3= 93.75

R1= 98.55

R2= 99.71

R3= 100.95

USDCHF Outlook
The Greenback slumped against Swiss Franc yesterday. The pair bottomed at 1.1251 and closed at 1.1304. This fact should trigger further downside correction towards 1.0090 area. My model is mixed with downside bias. Immediate resistance is seen at 1.1340. Initial support at 1.1205 followed by 1.1158. CCI heading down towards -100 line on daily chart suggesting some downside pressures.

EURUSD Outlook
The EURUSD made a significant upside correction yesterday (It’s about time huh? 🙂 ). The pair topped at 1.2835 and closed at 1.2816. Early today in Asian session the pair was traded softly lower. CCI about to cross -100 line up on daily chart suggesting a potential further upside movement. However, although further upside momentum might continue today, I think we should see any upside movement as a consolidation/correction and long trade positions are not recommended at this phase. Be patient. The major trend is still bearish. Immediate resistance is seen at 1.3006 followed by 1.3200 (23.6% Fibonacci retracement from 1.6038 to 1.2333). Initial support at 1.2690 followed by 1.2590.

EURUSD Daily Supports and Resistances:

S1= 1.2485

S2= 1.2154

S3= 1.1979

R1= 1.2991

R2= 1.3166

R3= 1.3497

GBPUSD Outlook
The GBPUSD also made a significant upside correction yesterday. The pair topped at 1.6037 and closed at 1.6021. We need this upside correction as CCI already In extreme oversold area on monthly chart. We also should see this current upside momentum as consolidation/correction move. CCI about to cross -100 line up on daily chart, suggesting a potential upside momentum. However, long trade positions are not recommended at this phase. Be patient. Immediate resistance is seen at 1.6141 followed by 1.6408.

GBPUSD Daily Supports and Resistances:

S1= 1.5601

S2= 1.5182

S3= 1.4964

R1= 1.6238

R2= 1.6456

R3= 1.6875

USDJPY Outlook
After an indecisive movement on Monday, the USDJPY was corrected higher yesterday. The pair made a huge movement of more than 700 pips, topped at 99.68 and closed at 98.15. However the pair was traded lower early today in Asian session around 97.30 at the time I wrote this comment. My model is mixed but still with downside bias as I see this bullish movement only as a correction of the major bearish trend. Be patient at this phase. Immediate resistance is seen at 99.68 (yesterday’s high). Initial support at 96.80 followed by 95.80. CCI in overbought area and heading down on 4h chart suggesting downside pressures.

USDJPY Daily Supports and Resistances:

S1= 93.96

S2= 89.78

S3= 86.92

R1= 101.00

R2= 103.86

R3= 108.04

USDCHF Outlook
The USDCHF continued it’s soft lower correction yesterday. The pair bottomed at 1.1508 and closed at 1.1526. My model is mixed with neutral bias, but we are still in bullish outlook in longer term. Immediate support is seen at 1.1480 followed by 1.1375. Initial resistance at 1.1655. CCI just cross 100 line down on daily chart suggesting downside pressures.

EURUSD Outlook
Yesterday EURUSD hit my short target at 1.2380, even further bottomed at 1.2333, but closed higher at 1.2461. The bias remains bearish. My model is short targeting 1.2280 then 1.2138. Immediate resistance is seen at 1.2495. CCI just cross -100 line down on hourly chart suggesting a potential bearish view.

EURUSD Daily Supports and Resistances:

S1= 1.2301

S2= 1.2141

S3= 1.1949

R1= 1.2653

R2= 1.2845

R3= 1.3005

GBPUSD Outlook
Yesterday the GBPUSD continued it’s bearish scenario. The pair bottomed at 1.5275, closed higher at 1.5534. Early today in Asian session the pair continued it’s bearish momentum, traded around 1.5415 at the time I wrote this comment. My model remains short targeting 1.5262. CCI about to cross -100 line down on 4h chart suggesting a potential downside pressures.

GBPUSD Daily Supports and Resistances:

S1= 1.5247

S2= 1.4960

S3= 1.4645

R1= 1.5849

R2= 1.6164

R3= 1.6451

USDJPY Outlook
The USDJPY made indecisive movement yesterday. The pair opened and closed at almost the same prive (93.22 and 93.23), formed a Doji formation on daily chart. My model remains short and still targeting 90.89. Immediate resistance is seen at 94.15. CCI in neutral area on 4h chart.

USDJPY Daily Supports and Resistances:

S1= 92.02

S2= 90.81

S3= 89.58

R1= 94.46

R2= 95.69

R3= 96.90

USDCHF Outlook
The USDCHF was corrected lower yesterday. The pair bottomed at 1.1515 and closed at 1.1566. However we are still in bullish scenario. There might be some downside corrections as daily CCI is about to cross 100 line down, but the pair is still in bullish scenario and any downside movement should be seen as consolidation. My model remains long targeting 1.1855. Immediate support is seen at 1.1559 followed by 1.1515 (yesterday’s low).

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